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Given the information in the table on KXS did KXS's expansion plan call for it to grow slower or faster than its sustainable growth rate? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. .. The actual growth rate for 2019 is %. (Round to two decimal places.) Financial statements Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. 2018 2019 2020 2021 2022 2023 Income Statement S(000s) Sales Cost of Goods Sold EBITDA Depreciation EBIT nterest Expense Pre-tax Income Taxes Net Income $74,924 58,441 $16,483 5,503 $10,980 306 $10,674 3,736 $6,938 $88,433 68,978 $19,455 7,470 $11,985 306 $11,679 4,088 $7,591 $103,227 80,517 $22.710 7,495 $15.215 1,666 $13,549 4.742 $8,807 $119,869 93,498 $26,371 7,564 $18,807 1,666 $17,141 5,999 $11,142 $138,327 107,895 $30,432 7,611 $22.821 1,666 $21.155 7,404 $13.751 $158,651 123,748 $34,903 7,621 $27,282 $25,616 8.966 $16.650 Payout Ratio Additions to shareholder equity Beginning shareholder equity 30% $4,857 $11.655 $5,314 74,134 $6,165 79,448 $7,799 85,613 $9,626 93.412 103,038 Print Done Given the information in the table on KXS did KXS's expansion plan call for it to grow slower or faster than its sustainable growth rate? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. .. The actual growth rate for 2019 is %. (Round to two decimal places.) Financial statements Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. 2018 2019 2020 2021 2022 2023 Income Statement S(000s) Sales Cost of Goods Sold EBITDA Depreciation EBIT nterest Expense Pre-tax Income Taxes Net Income $74,924 58,441 $16,483 5,503 $10,980 306 $10,674 3,736 $6,938 $88,433 68,978 $19,455 7,470 $11,985 306 $11,679 4,088 $7,591 $103,227 80,517 $22.710 7,495 $15.215 1,666 $13,549 4.742 $8,807 $119,869 93,498 $26,371 7,564 $18,807 1,666 $17,141 5,999 $11,142 $138,327 107,895 $30,432 7,611 $22.821 1,666 $21.155 7,404 $13.751 $158,651 123,748 $34,903 7,621 $27,282 $25,616 8.966 $16.650 Payout Ratio Additions to shareholder equity Beginning shareholder equity 30% $4,857 $11.655 $5,314 74,134 $6,165 79,448 $7,799 85,613 $9,626 93.412 103,038 Print Done

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